ENTROPIA UNIVERSE SELECTS CryENGINE 2®

GOTHENBURG(SE)/FRANKFURT(DE) – July 25, 2007

(Gothenburg, Sweden/Frankfurt, Germany) - July 25, 2007 - Entropia Universe, the safest virtual world utilizing a real cash economy, has signed a license agreement to use the stunning high-tech game engine CryENGINE 2®, from German developer Crytek, creators of "Far Cry®" and upcoming "Crysis®." This will make Entropia Universe the closest-to-reality looking massively multiplayer online game ever seen. The transition to an Entropia Universe platform built around this new technology is expected to be finished by mid-2008, and will be available to all Entropia Universe partners. Creator MindArk PE AB's CEO Jan Welter Timkrans explains, "The upgrade of Entropia Universe will be built around the spectacular features supplied by CryENGINE 2®, offering a complete and immersive experience to Entropia participants. It will create synergies between the proven and safe Real Cash Economy backbone, the Entropia storyline with colonists fighting to establish a new world, and the very life-like visuals supplied from CryENGINE 2®." He continues, "When we saw what the engine was capable of, we immediately understood that it would be perfect for Entropia, as both MindArk and Crytek are pioneers in their respective fields." Avni Yerli, Crytek's Managing Director says, "We are thrilled to have been chosen by such a well regarded and successful industry leader as MindArk to be their future engine provider for Entropia Universe. We think the combination of our CryENGINE 2® technology and their extremely popular virtual playground will result in a new kind of rich and immersive experience that has not been possible until now. It will also expose a wide new audience to the stunningly realistic graphics, environmental physics and believable animations which are made possible by the award winning CryENGINE 2® together with some of the most recent advances in PC hardware and operating systems." About MindArk PE AB MindArk PE AB began in April of 2003 in Sweden, and are pioneers in the virtual world space. MindArk develops, supports and monitors the services and maintenance of Entropia Universe® - The Safest Virtual Universe with a Real Cash Economy. Entropia Universe was launched in 2003 and has over 615,000 registered accounts. The company has been profitable since 2004. MindArk offers the Entropia Universe software to users free of charge with no monthly costs or associated subscription fees. For more information or to download the free Entropia Universe software please visit www.entropiauniverse.com. For more information about Entropia Universe's developer, MindArk, please visit www.mindark.com.

About Crytek GmbHCrytek GmbH ("Crytek") creators of the multiple award winning next- generation first person shooter Far Cry®, and the soon to be released blockbuster hit Crysis®, awarded as best PC Game of both E3 2007 and the 2007 Leipzig Games Convention, is an interactive entertainment development company with its headquarters located in Frankfurt Main, Germany and additional studios in Kiev, Ukraine and Budapest, Hungary. Crytek is dedicated to creating exceptionally high quality video games for the PC and next-generation consoles, powered by their proprietary cutting edge 3D-Game-Technology CryENGINE 2®. For more information about Crytek, please visit http://www.crytek.com . Development teams who are interested in obtaining a commercial license for the CryENGINE 2® middleware should mail their inquiries to cryenginecrytek.com .

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